Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Condor Energies Inc T.CDR

Alternate Symbol(s):  CNPRF

Condor Energies Inc. is a Canada-based internationally focused energy transition company, which is focused on diverse initiatives in Central Asia. The Company has a producing gas asset, an ongoing project to construct and operate Central Asia’s first LNG facility and a separate project to develop and produce lithium brine. It has built a robust foundation for reserves, production and cashflow growth while also striving to minimize its environmental footprint. It has a 100% interest in and operates an exploration license in Kazakhstan for mining solid minerals, including lithium (the Lithium Mining License). It has a 100% interest in and operates the Poyraz Ridge and Destan operating licenses and gas fields in Turkiye. The Company, through its wholly owned subsidiary Marsa Turkey BV (MTBV), has a 100% working interest in two adjoining production licenses located on the Gallipoli (Gelibolu) peninsula in NW Turkey, lying within the SW extension of the prolific gas-producing Thrace Basin.


TSX:CDR - Post by User

Bullboard Posts
Post by vienaon Oct 05, 2011 1:30am
444 Views
Post# 19119868

next well

next well
Condor's Taskuduk W4 Well Encounters 19 Meters of Net Oil Pay
Condor Petroleum Inc CPI
10/3/2011 10:38:09 AM
CALGARY, ALBERTA, Oct 3, 2011 (Marketwire via COMTEX News Network) --

Condor Petroleum Inc. ("Condor" or the "Corporation") (TSX:CPI) is pleased to announce that its Taskuduk West 4 (TasW-4) well has reached a total depth of 1329 meters. The TasW-4 well is located on the 2,610 sq. km Zharkamys West 1 contract territory (the "Zharkamys Territory"), situated in Kazakhstan's Pre-Caspian basin.

TasW-4 encountered 19 meters of net oil pay within two Triassic intervals. The lower interval, which contains 13 meters of net oil pay, has not been encountered in previous Taskuduk wells. This interval was identified using Condor's 3D seismic attribute and pre-stack analysis. Based on formation pressure data, the oil gravity is estimated to be 35 degrees API.

Production casing has been run and cemented at TasW-4 and the well is scheduled to be flow-tested once regulatory approvals are obtained. TasW-4 is the eighth well drilled in 2011 and represents the fifth successful oil well. The next prospect in the drilling queue is Uitas-6, another shallow Triassic structure.

About Condor Petroleum Inc.

Condor is a junior oil and natural gas corporation engaged in the exploration for, and the acquisition, development and production of oil and natural gas resources in Kazakhstan and Canada. Condor (through its wholly-owned subsidiary, Falcon Oil & Gas Ltd. LLP) holds a 100% interest in the oil and natural gas exploration rights to the Zharkamys Territory. For further information see Condor's (final) prospectus, dated March 31, 2011, a copy of which is available under Condor's SEDAR profile at www.sedar.com.

Bullboard Posts